ECON 102 – INTERMEDIATE MICROECONOMIC THEORY

Required text book: Jeffrey M. Perloff, Microeconomics, 5th edition, Addison Wesley (2008)

Syllabus

Review materials on the web (econ 5 level)

Economic Glossary : A glossary of economics terms provided by Orley Amos (Oklahoma State University)

Explorations in Economic Demand and Supply : An online example of demand and supply analysis with discussion questions (by Kim Sosin)

Exploring Supply and Demand : An online quiz that tests basic demand and supply concepts (by Kim Sosin)

Online multiple choice exams provided by Orley Amos (Oklahoma State University)

Orley Amos’ Extra Credit – A fantasy / adventure story / tutorial that reviews fundamental economics topics.

· Introduction 9/1

1. Read chap
2. Supplemental reading: Tax on Fast-Food Containers

• Demand and Supply 9/3 and 9/8
1. Read chap 2
2. Supplemental readings: Gas Lines, Minimum Wage law in Puerto Rico, Sideways Wine

QUIZ # 1 Due 9/15

• Elasticity 9/11 and 9/15
1. Read chap 3
2. Mandatory reading
3. Supplemental readings: Condoms, Incidence of Tax on Restaurant Meals, Gasoline Taxes as a Revenue Source, Demanding Rail Safety, Willingness to Surf
4. Homework1 (due 9/25) Answer key

• Consumer Choice I 9/17 and 9/22
1. Read chap 4
2. Supplemental readings: Substitution Effect in Canada, Taxes and Internet Shopping

QUIZ # 2 Due 9/25

• Consumer Choice II 9/24 and 29/9
1. Read chap 5
2. Supplemental readings: Income Elasticities and Demand for Cars, What to do with Extra Income
3. Homework #2 (Due 10/1) Answer Keys

• Market Failure: Public Goods, externalities 9/29
1. Cross-Chapter Analysis Ch. 5; Ch. 18.1, 18.2, 18.5, 18.6
2. Supplemental readings: Emission Standards for Ozone, Emptying the Seas, For Whom the Bridge Tolls? Sobering Drunk Drivers

October 1^st: Review session for 1^st midterm

PRACTICE PRELIM I ANSWER KEYS

PRELIM I 10/6 Answer keys

• Firms and Production 10/8
1. Read chap 6
2. Supplemental reading: German versus British Productivity

Study day: 10/15 and 10/16 – No class

• Production and Costs: 10/20

1. Read chap 7
2. Supplemental readings: Lowering Transaction Costs for Used Goods at eBay and Abebooks, Waiting for the Doctor, Changes in Banking
3. Homework3 (Due 10/27) Answer Key

QUIZ # 3

• Perfect Competition 11/3

1. Read chap 8
2. Supplemental reading: Shutting down Lesotho Barriers to Exit

November 5^th: Review session for 2^nd midterm

PRACTICE PRELIM II ANSWER KEYS

PRELIM II 11/10 ANSWER KEYS

• Efficiency vs. equity 11/12

1. Read chap 9; chap 10

2. Supplemental readings: Jefferson's Trade Embargo, Regulation and Efficiency, U.S. Minimum Wage Laws and Teenagers

• Market failure - Monopoly I 11/17
1. Read chap 11
2. Supplemental readings: Airport Monopolies, Deadweight Loss of the U.S. Postal Service
3. Homework #4 (Due 11/24) Answer key

QUIZ # 4 Due 11/24

• Pricing 11/19
1. Read chap 12
2. Supplemental readings: Generics and Brand-Name Loyalty, Product Differentiation

• Market Power 11/24
1. Read chap 15.3 and 15.4
2. Supplemental readings: Cartels
3. Homework #5 (Due 12/1) Answer key

Quiz # 5 Due 12/1

THANKSGIVING RECESS: 11/25 – 11/29

• Game Theory I 12/1
1. Read chap 13.1 – 13.3
2. Supplemental reading: Oligopoly Competition among Governments

• Game Theory II: 12/3
1. Read chap 14 (skim 14.3)
2. Homework #6 Due Dec 8 Answer Key

Quiz # 6 Due Dec 8

• Market Failure 3: Public Goods and Externalities revisited 12/3
1. Revisit chap 18
2. Supplemental reading: Waste Not, Free Riders

• Market Failure and Asymmetric Information :
1. Read chap 19
2. Supplemental reading: Quality and Price, Screening and Signaling, Market for “Lemons”

Quiz # 7

• Moral Hazard
1. TBA
2. Supplemental reading : Insurrance

• Dec. 8: Final Exam Review Session

PRACTICE FINAL

PRACTICE FINAL: Answer Keys

FINAL EXAM: Saturday DECEMBER 12, 2009 1pm - 4pm   BC*21

Back to my Homepage